Answer: Option B
Explanation: In simple words, competitive industry is the one in which both the consumer and the producer are price takers due to the high number of participants on both sides. No individual firm could control the price and the profit is totally dependent on the quantity sold.
However, the cost structure could be different of different firms and in the long run only those firms survives that have a reasonable profit margin on sales. The other firms earns nothing and ultimately leaves the industry.
Hence the correct option is B .
Answer:
Lump-Sum Purchase
Explanation:
Plant assets
This is simply known as well founded or important assets of an essential or useful life of more than one accounting period and are normally used in the operation of a business. One of the major characteristic of plant assets is that they are often used in operations.
They are known also as resources that has physical substance, used mainly in the operations of a business and it is not intended for sale to customers.
Plant assets are also called property, plant, equipment; plant and equipment; and fixed assets.
It is also discard (done away with) if it is not useful anymore to the company, and it has no market value.
Answer:
Organization structure and design
Explanation:
Organization structure is when a company's mode of operations and strategies are clearly defined and translated into various functions to be carried out by units in the organization and how those units work together to achieve common objectives, while organization design which is quite broader than organization structure tells us about a company's whole process, how teams are set up and led to achieve an organization goals.
Both structure and design are often used to give directions to an organization where the desired results are not met. As in the above scenario, both the structure and the design will now be restructured and redefined such that the new employees that will be recruited must meet the criteria as set out therein hence result in operational efficiency.
Answer:
The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area
Explanation:
The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.
Answer:
Support media
Explanation:
Direct marketing is a form of marketing to create awareness directly to the existing customer or pre selected customer and method been used by advertiser to get direct response from customer, this help the organization to get future sales. Support media is used as a part of direct marketing that help in create awareness and gather attention of customer as some traditional media is been used.
Few examples of support media are:
- Mobile billboards.
- In-store media.
- Yellow pages.
- Promotional product.
- Areial Advertising.
